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Steve Bannon Worth As Much As $48 Million, Blockbuster Filings Reveal

According to the disclosure, White House Chief Strategist Steve Bannon does not own a stake of... [+] Breitbart News, despite being closely associated with the alt-right publication. (BRENDAN SMIALOWSKI/AFP/Getty Images)

White House Chief Strategist Stephen Bannon, among President Donald Trump’s most intimate advisors, is worth between $9.5 million and $48 million, according to newly released financial disclosures.

The White House strategically released details on the personal financial profiles of many senior staff members—including Trump’s son-in-law, Jared Kushner—en masse on Friday evening.

The disclosures show that much of Bannon’s fortune is held in real estate properties and entertainment companies, and also reveal that he is not an owner of conservative media outlet Breitbart News, with which he is closely affiliated. The documents do not divulge line-item stock investments or specific details on his liquid assets.

Bannon’s largest individual holding, worth between $5 million and $25 million, is his eponymous consulting firm, Bannon Strategic Advisors. His film company, Bannon Film Industries, is worth between $1 million and $5 million. The production company put out Clinton Cash last year, a condemnatory film based on the book Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich.

A representative for Bannon did not respond to requests for comment as of this article’s publication.

Bannon, 63, first achieved notoriety for his role at Breitbart, where he served as executive chairman between 2012 and August 2016. While filings show he does not own a stake in the company, he earned a $191,000 salary from the media outletlast year.

Bannon also took in more than $61,000 from the Government Accountability Institute, a right-wing nonprofit, and $125,000 from data analytics firm Cambridge Analytica during the same time period. Both organizations have received sizable donations from arch-conservative hedge fund executive Robert Mercer and his family, who have also poured money into Breitbart.

Though best known for his political and media ties, Bannon began his career as an investment banker, first at Goldman Sachs and later at his own office, Bannon & Co. In 1993, the firm acquired a stake in Seinfeld after advising Westinghouse Electric on the sale of Castle Rock (the show's production company) to Ted Turner. Rather than pay Bannon entirely in cash, Westinghouse offered him a share in five television shows, including Seinfeld, which has generated an estimated $3.26 billion in global syndication to date; Bannon’s personal stake remains undisclosed.

SG Cowen Securities—now part of Societe Generale—ultimately purchased Bannon & Co. in 1998 for an undisclosed sum. In an interview with Variety that year, Cowen’s investment banking chief, Kim Fennebresque, called the acquisition “something that made everybody economically happy,” adding that Bannon and his partner, Scot Vorse, were “compensated generously.”

Following the sale, Bannon pursued a career in film production, often taking on projects with a political or religious bent, including The Undefeated, a film about Sarah Palin, and documentaries such as In the Face of Evil: Reagan’s War in Word and Deed and Fire From the Heartland: the Awakening of the Conservative Woman.

Bannon’s freshly revealed net worth ranks him well within the top 1% of Americans, but he still greatly lags the 45th president. Trump is currently worth an estimated $3.5 billion.

I cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. When my reporting isn't taking me to

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I cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. When my reporting isn't taking me to Hollywood restaurants and Atlanta's movie lots, I'm writing about the world's richest, including billionaires and self-made women entrepreneurs. Prior to Forbes, I wrote about media, food and education for the New York Observer, and about the New York shopping scene for Racked. Follow me on Twitter @MadelinePBerg. Have tips? Send them to me anonymously at forbes.com/tips, and submit sensitive documents anonymously and securely at SafeSource.forbes.com.